HMRC has issued an Information Sheet detailing how the VAT refund scheme for academies, free school, 16 to 19 academies, alternative provision academies and university technology colleges for 14 to 19 year olds will operate and which bodies will benefit from it.
The scheme will be effective from 1 April although no claims can made until the Finance Bill is given Royal Assent.
CVC would be happy to advise any academies needing assistance with putting these rules into operation. The Information Sheet can be read in full via our website at http://www.ukvatadvice.com/news.
